Imperial Oil (TSE:IMO) Given New C$127.00 Price Target at National Bankshares

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target boosted by National Bankshares from C$125.00 to C$127.00 in a research note released on Friday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Several other research analysts have also recently commented on IMO. Desjardins raised their target price on Imperial Oil from C$114.00 to C$120.00 and gave the stock a “sell” rating in a research report on Monday, November 24th. Morgan Stanley increased their price objective on shares of Imperial Oil from C$97.00 to C$101.00 in a research note on Thursday, November 20th. BMO Capital Markets downgraded shares of Imperial Oil from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$132.00 to C$129.00 in a report on Monday, December 15th. JPMorgan Chase & Co. upped their target price on shares of Imperial Oil from C$101.00 to C$110.00 in a research note on Thursday, October 23rd. Finally, TD Securities dropped their price target on shares of Imperial Oil from C$107.00 to C$106.00 in a research report on Tuesday, December 16th. Six equities research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, Imperial Oil currently has an average rating of “Reduce” and a consensus price target of C$114.00.

Imperial Oil Stock Up 1.8%

TSE IMO opened at C$125.54 on Friday. Imperial Oil has a twelve month low of C$82.98 and a twelve month high of C$141.17. The stock has a market cap of C$62.38 billion, a PE ratio of 16.03, a PEG ratio of 0.21 and a beta of 0.89. The firm has a 50-day simple moving average of C$127.61 and a 200 day simple moving average of C$122.46. The company has a debt-to-equity ratio of 18.04, a quick ratio of 0.98 and a current ratio of 1.44.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings results on Friday, October 31st. The company reported C$2.17 earnings per share (EPS) for the quarter. Imperial Oil had a return on equity of 21.23% and a net margin of 10.00%.The firm had revenue of C$11.99 billion for the quarter. On average, research analysts forecast that Imperial Oil will post 8.6164609 EPS for the current year.

Imperial Oil Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Thursday, January 1st were given a $0.72 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $2.88 dividend on an annualized basis and a yield of 2.3%. Imperial Oil’s payout ratio is 35.25%.

About Imperial Oil

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.